FIS Launches 24/7 AI Assistant to Ease Risk Models Management

FIS Unveils New AI Tool for Risk Model Management

FIS has introduced its Insurance Risk Suite AI Assistant, a generative AI tool designed to help insurance professionals with the complexities of building and maintaining risk models. This tool aims to provide instant answers to intricate questions, which could significantly streamline workflows for underwriters and risk managers.

Key Features of the AI Assistant

The Insurance Risk Suite AI Assistant operates around the clock, offering support whenever it’s needed. It can assist users in navigating complex data and modeling scenarios, thus making it easier to manage risk assessment processes. The use of generative AI suggests a focus on not just providing static answers, but rather a dynamic interactive experience that adapts to users’ queries.

Who Will Benefit?

This tool is particularly beneficial for insurance professionals who often deal with statistical data, regulatory requirements, and market variables. By enabling more efficient risk modeling, FIS targets underwriters, actuaries, and risk managers who need quick access to information for decision-making.

Industry Impact

The introduction of such technology indicates a growing trend in the insurance sector towards leveraging AI for operational efficiency. While the AI Assistant is positioned as a helpful resource, its success will largely depend on how well it integrates with existing processes and the willingness of professionals to adopt new technology.

Final Thoughts

FIS’s move to launch this AI Assistant highlights the increasing intersection of technology and the insurance industry. As the demand for smarter, faster solutions grows, tools like this may become essential for staying competitive in risk assessment and management.

Original Source: https://ffnews.com/newsarticle/fis-launches-24-7-ai-assistant-to-ease-risk-models-management/